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Businesses large and small are now staring down a 'rough and bumpy road' of new tariff increases

UNITED STATES, AUG 8 – Tariffs increased from 10% to 15% overnight, causing nearly half of businesses to absorb costs while 14% pass them to consumers, raising average import taxes to 18.6%.

Summary by WTVR
Standing in the middle of the one of the grocery stores his family has run for decades, President & CEO Stew Leonard Jr. is surrounded by fresh produce, dairy products and meat most of them facing new steep increases from tariffs affecting imports, which took effect overnight Thursday. Until now, hes been absorbing the cost of tariffs alongside producers to avoid having to pass on prices to his customers, but he says that can only last so long.F…

9 Articles

The new Donald Trump tariff package distorts global trade, saves costs and creates a dominant effect that ends where it comes from: at the most vulnerable families table

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KPAX broke the news in on Thursday, August 7, 2025.
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